The Multi-Token ISPO
An ISPO is a community-funding method unique to Cardano. In ISPOs, users delegate their ADA to stake pools run by startups. Delegators give up their usual ~ 4–5% APY in ADA staking rewards in exchange for receiving a project’s native token. Startups use these staking rewards to fund development for their new venture. Cardano ISPOs have become one of the most egalitarian mechanisms for startups to raise funds from Cardano’s 3.5+ million community.
Raising the bar higher for ISPOs, Genius X is proud to introduce the world’s first multi-token ISPO for selected startups in the Genius X Accelerator Program. For the Cardano community, many delegators are interested in getting the tokens of various projects building on Cardano. The Genius X Multi-Token ISPO is an answer to that and gives the community access to multiple projects simultaneously. Delegators will get tokens from five projects by delegating their ADA to the Genius X Multi-Token ISPO.
10% of each token rewards will be claimable immediately after their Token Generation Event (TGE). After each TGE, there will be a 3 months lock-up followed by tokens being delivered through a 12 months linear vesting. Therefore since all TGE dates will be different, the releasing schedule will be different for each project but tokens will be claimable all at once on a single transaction.
Genius X has decided to maintained its succesfull partnership with MAESTRO to operate the Multi-Token ISPO staking pools. Their team of experienced engineers have become experts in managing an ISPO. We look forward to collaborating with them!